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Shares for Bumble Inc, which owns the popular dating apps Bumble and Badoo, fell more than twenty percent after the company’s third quarter earnings call in November. 

The dating app went public earlier this year, with shares taking off out of the gate. In recent weeks however, investors have cooled on the stock, and Bumble has pointed to pandemic lockdowns in strong markets like Japan which have cut into the company’s overall revenue. The latest dip after the earnings call was the stock’s lowest point yet. 

According to Forbes, for the first time since its IPO, Bumble posted a decline in overall user growth, with total paying users dropping to 2.87 million through September, down from 2.93 million in the second quarter.

Dating app Bumble had a rough third quarter, with total paying users down 2 percent from the second quarter. It was the first time the company saw a decline in its user base since going public in February of this year.

According to Reuters, total paying users fell to 2.9 million as the pandemic surge prompted new lockdowns in hard-hit countries. The company says the pandemic surge caused an overall drop in consumer spending on dating apps and in-app purchases. This news spooked investors and sent Bumble’s stock tumbling 9 percent, a 32 percent total decline since its IPO.

The company owns popular dating app Badoo which was hit especially hard due to its popularity in markets affected by the Covid surges. Badoo accounts for about a quarter of the company’s total revenue according to Barron’s.

Dating app conglomerate Match Group has lowered their expected earnings for Q4, according to an earnings call with investors. The company said the adjusted forecast resulted from decreased revenue in Asian markets due to the pandemic. Shares declined 6 percent with the news.

According to Reuters, Match Group adjusted fourth quarter earnings revenue between $810 and $820 million, below analysts’ forecast of $838.5 million per Refinitiv. The company expects revenue for 2021 to be around $3 billion.

In the third quarter, revenue rose 25 percent, but still missed expectations. Match Group added 16.3 million paid users and revenue per person rose 8 percent. Their quarterly earnings came out to $.53 per share, missing the Zacks Consensus Estimate of $.60 per share, and has dropped from earnings of $.55 per share a year ago.

TikTok and Twitter users are posting profiles of closeted Olympic athletes who are discreetly using Grindr while they compete in Tokyo for the 2021 Olympics, raising alarm among LGBTQ+ communities.

Some of the athletes who have been highlighted have not come out as gay, while at least one comes from a country where same-sex sexual relations are illegal, putting them in danger. According to a report from Insider, there are other risks as well because the Olympics are taking place in Tokyo, and Amnesty International has said it’s a culture that “systemically discriminates against gay people.”

The social media users are logging on to the Grindr app and using its “explore” feature to find profiles of athletes in the Olympic Village. When they find an athlete, they take screenshots and video, zooming in on their photos and posting them without the athletes’ consent or knowledge. So far, ten profiles have been posted to Twitter and four to TikTok, with one post gaining at least 140,000 views according to Insider.

Tinder has noticed a popular trend emerging in the past week – users from around the world are changing their location to match with athletes staying in Olympic Village.

Tinder’s popular Passport feature was made available to all users at no cost for limited times during pandemic lockdowns, and many members took advantage. Passport allows users to switch locations to match with anyone in the world, regardless of where they currently live. And recently, Tinder users began changing their location to match with athletes participating in the Olympics.

There’s no current tally of the number of Tinder users setting their romantic sights on 2021 Olympic athletes, but referencing 2018 numbers, Tinder confirmed to Newsweek that there was an increase of 1,850 percent of users accessing Passport to match with athletes in the Olympic Village. 

Tinder was testing a group video chat feature before its parent company Match Group struck an acquisition deal for South Korea social discovery company Hyperconnect.

The new feature was called Tinder Mixer and was being tested in New Zealand before it was scrapped, according to Tech Crunch. Tinder Mixer allowed people nearby to join group chats and play online video games together, adding to the app’s existing one-on-one virtual chat feature.

Tinder Mixer was discovered by researcher Alessandro Paluzzi, who found references to the feature in the app’s code. However, Tinder shut it down quickly and told Tech Crunch it’s not impacting its “product roadmap” for this year. However, Paluzzi’s findings about Tinder Mixer shows that Match Group is experimenting with new social discovery features through its dating apps, which shines some light on the company’s deal with Hyperconnect.